You have the option to take your M&S pension earlier than the ‘normal retirement age’ that is set out in the Scheme Rules (usually age 60 or 65). At the moment, the earliest most members can take their pension is age 55 but this will increase to age 57 from April 2028 (unless you are retiring early due to ill
health).
If you are interested in taking your pension early, please be aware that it will usually be reduced because it is expected to be paid to you for longer. You can find out how much this reduction might be using the Retirement Illustrator in the M&S Pension Scheme Portal.
Any arrangements that offer access to your pension before age 55 are almost certainly a scam. Please stay vigilant and learn how to protect yourself by reading the information on our Pension scams page.